$475,000

1007 Wealthy Street SE, Grand Rapids MI, 49506

Price per sqft$131.94

Built in1884

Property size3,600 sqft

Property typeCommercial

Courtesy of Bradley S Veneklase, Urban Soil Realty

Overview

Active

Listed Aug 17, 2026

Updated Aug 17

Exceptional redevelopment opportunity on the vibrant Wealthy Street corridor, between Electric Cheetah and The Meanwhile Bar. This historic mixed-use building is construction-ready with Historic Preservation Commission approval, completed permit drawings and established construction pricing. Approved plans include four one-bedroom apartments with in-unit laundry and approximately 1,800 SF of main-floor white-box commercial space with two restrooms. Suitable for retail, hospitality, restaurant or office use. The property includes parking for three vehicles and a rear yard with patio potential. Incentives include a 10-year OPRA tax abatement, $25,000 Uptown façade grant, $226,983 Revitalization and Placemaking grant, and potential 20% federal and 5% Michigan historic tax credits. Projected ROI is 8.4%. Land-contract terms are available. All information, projections, plans and incentives are estimates and subject to buyer verification, program requirements and agency approval.

Additional information

MLS^® ID: 26043253

Interior Features

Bathrooms: 0
Basement: Yes

Exterior Features

Lot Size: 0.09 Acres

Other Property Details

Taxes: $6,415
Tax Frequency: Annually

Courtesy of Urban Soil Realty

The IDX display contains information sourced from the MichRIC® as of 8/17/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated 8/17/2026